Movement Labs co-founder accused Scroll of selling tokens on OTS before token release and airdrop manipulation
Rushi Manche has accused Scroll of the following problems:
The project has been around for several years, but instead of honestly supporting the community, the team launched a scheme where costs are passed on to ordinary investors.
A few years before the launch, the team was selling their shares on OTC.
Some team members were buying tokens at an inflated valuation of $1.8 billion while management was selling their holdings.
The team distributed airdrop to their own wallets and then sold them.
Tokenomics was specifically designed to harm every member of the community.
Manche claims that this behavior is damaging the reputation of the EVM L2 ecosystem and is calling on Scroll to change their approach so that their actions don't look like scamming.